REGISTERED NUMBER: 06380631 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2014

for

A & B Builders (IOW) LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr Andrew Jerram

REGISTERED OFFICE:

Landguard Manor

Landguard Manor Road

Shanklin

Isle of Wight

PO37 7JB

REGISTERED NUMBER:

06380631 (England and Wales)

ACCOUNTANTS:

Caryn March Accountants Limited

Landguard Manor

Landguard Manor Road

Shanklin

Isle of Wight

PO37 7JB

BANKERS:

NatWest

107 St James Square

Newport

Isle of Wight

PO30 1XH

FIXED ASSETS

Tangible assets

2

1,060

1,180

CURRENT ASSETS

Stocks

54,309

47,236

Debtors

35,008

6,069

Cash at bank

17,387

-

106,704

53,305

CREDITORS

Amounts falling due within one year

192,957

171,744

NET CURRENT LIABILITIES

(86,253

)

(118,439

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(85,193

)

(117,259

)

CREDITORS

Amounts falling due after more than one year

11,443

-

NET LIABILITIES

(96,636

)

(117,259

)

CAPITAL AND RESERVES

Called up share capital

3

250

250

Profit and loss account

(96,886

)

(117,509

)

SHAREHOLDERS' FUNDS

(96,636

)

(117,259

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 23 December 2014 and were signed by:

Mr Andrew Jerram - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet

date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the

lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

4,935

Additions

144

At 31 March 2014

5,079

DEPRECIATION

At 1 April 2013

3,755

Charge for year

264

At 31 March 2014

4,019

NET BOOK VALUE

At 31 March 2014

1,060

At 31 March 2013

1,180

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/14

31/3/13

value:

£

£

250

Ordinary

£1

250

250